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T2 tax calculations
Losses

Print this pageForward this document  Schedule 4 generated without continuity of losses

Program(s) affected: T2 Document created: October 17, 2002
Tax year(s): 2002 Document last modified:
Version(s): Problem status: Pending

Why does DT Max generate a schedule 4 when there is no continuity of losses to report?

This occurs in versions 5.36 and later in cases where a provincial loss is reported but there is no corresponding federal loss.

As a workaround, create a plan and remove the information pertaining to the provincial loss, then calculate and print the federal tax return (RSI) from the plan. Alternatively, you could file the return as is.

This problem will be fixed in a future version of DT Max.